Food and Beverage Metal Can Market and Flavors and Fragrances Analyzed in the 2018 New Report at ReportsnReports.com
Dallas, Texas (PRWEB) June 01, 2014 -- Globally, lifestyle changes have resulted in the demand for canned food and beverages. Also, a surge in dual income households has fueled the growth of the Metal Canned Food market. Mid-lifers, i.e., people between 28-49 years, are also switching to canned foods because of their hectic work schedules. A reduction in family size in North America and Europe and an increase in working women has also increased the demand for convenient canned food products. Increasing disposable incomes of consumers in developing countries have also increased the consumption of canned food products. Changing consumer demographics are expected to lead to the growth of the Global Food and Beverage Metal Can market during the forecast period.
According to the report, several factors are driving the growth of the Global Food and Beverage Metal Can market. Changes in consumer lifestyles have increased the demand for canned food products. Most of the demand for metal cans comes from North America, because of the increase in the consumption of canned food products in the region.
Further, the report states that increasing competition among vendors, is a major challenge that is limiting the market's growth.
The report recognizes the following companies as the key players in Global Food and Beverage Metal Can Market: Amcor Ltd., Ball Corp., Crown Holdings Inc., Rexam plc, Ardagh Group SA , BWAY Holding Co., CAN-PACK SA , Clarcor Inc., CPMC Holdings Ltd., HUBER Packaging Group GmbH ,Kingcan Holdings Ltd. ,Novelis Inc. Silgan Holdings Inc., Sonoco Products Co., Soudronic AG ,Toyo Seikan Co. Ltd. ,TriMas Corp., Microsoft Corp.
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Key Market Driver
• Emerging Middle Class in Developing Countries.
Key Market Challenge
• Fluctuation in Raw Material Prices.
Key Market Trend
• Increasing Demand for Natural Flavors.
The Global Flavors and Fragrances market include flavor blends, fragrance blends, essential oils, and aroma chemicals. The market is expected to witness healthy growth during the forecast period. It is mainly driven by the demand from companies that manufacture food and beverages, perfumes, cosmetics, toiletries, and household products. Manufacturing aroma chemicals by chemical synthesis has opened up a branch of chemistry. Flavors and fragrances mainly include a class of compounds such as esters, alcohol, acids, lactones, aldehydes, and ketones.
One of the key factors contributing to the growth of the market is the increasing demand from consumers for food products that contain natural flavors. There is huge demand for natural flavors across the globe because of the increased awareness about the toxic effects of chemical additives and the changing lifestyles of consumers. European nations have started marketing clean label food products that are free of chemical additives and contain only natural ingredients. In addition, increasing demand for healthy foods and the consumer preference for naturally formulated products are contributing to the growth of the market.
According to the report, the Global Flavors and Fragrances market has several growth drivers, of which the increased spending by the emerging middle class in developing economies is one of the major drivers. The increase in disposable incomes and the increase in the personal consumption expenses of the people in these economies are propelling the growth of the market.
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Further, the report states that one of the major challenges is the fluctuation in the prices of the raw materials used in flavors and fragrances, which leads to price inflation and declining profit margins.
Key Market Driver
• Emerging Middle Class in Developing Countries.
Key Market Challenge
• Fluctuation in Raw Material Prices.
Key Market Trend
• Increasing Demand for Natural Flavors.
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